According to the monitoring of Todudu Commodity Market Analysis System, the domestic LLDPE (7042) price was RMB 8237 per ton on January 1, and the average price was RMB 8257 per ton on January 30, which was 0.24% higher than the average price on January 30, 2019. Done. Time.

According to the rabbit doodle bulk product market analysis system monitoring, January 1 domestic LDPE (2426H) price of 9082 yuan / ton, January 30 average price of 9200 yuan / ton, during the period of 1.29 yuan.

According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic HDPE (5000S) price was recorded at RMB 8,500 per ton on January 1, and the average price was RMB 8,437 per ton on January 30, with the year-on-year price down by 0.74% .

In January this year, PE as a whole was on a downward trend, with LDPE rising sharply and HDPE prices remaining stable since the middle of the month. Even after the Chinese New Year, petrochemical companies' inventories are accumulating and supply-side pressure still exists, which inhibits small fluctuations in the PE market. PE spot prices rose slightly due to the strong performance of the futures market since the middle of the month. Positive factors such as rebound in crude oil prices, domestic interest rate cut expectations, and supplemental demand in the market before the Chinese New Year pushed the PE market narrowly higher.

After falling at the beginning of the month, PE futures showed a strong trend, bringing good news to the spot market. January 30, Dalian Commodity Exchange PE L2405 contract opened at 8314 yuan / ton, closed at 8264 yuan / ton, down 24 yuan / ton. The highest price of 8330 yuan / ton, the lowest price of 8261 yuan / ton, down 0.29%.

PE supply pressure still exists. With the approach of the Spring Festival, it is expected that the first-line factories will gradually resume work. PE construction is expected to adjust slightly before the Spring Festival, with limited upside.

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